Landmark Warrants Clause Samples

Landmark Warrants. At the Closing, Landmark will issue to Buyer warrants authorizing Buyer to purchase, for up to seven years following the Closing, up to 1,000,000 shares of Landmark’s common stock, at $1.00 per share. The right of Buyer to acquire any unexercised warrants, however, terminates on the closing and funding on the Put Option Property (as hereinafter defined) following Buyer’s exercise of one or both Put Options (as hereinafter defined). The form of the definitive agreement on the warrants will be agreed to by Seller, Landmark, ▇▇▇▇▇▇ and Buyer during the Inspection Period, and if the parties cannot agree on the form of the definitive agreement, Buyer may terminate this Agreement, and the ▇▇▇▇▇▇▇ Money Deposit shall be returned to Buyer,